Investment in subsea cable projects is expected to reach $13B between 2025 and 2027, almost 2x the amount invested between 2022 and 2024, driven by AI buildout (Magdalena Petrova/CNBC)

Magdalena Petrova / CNBC:
Investment in subsea cable projects is expected to reach $13B between 2025 and 2027, almost 2x the amount invested between 2022 and 2024, driven by AI buildout  —  Over 95% of international data and voice call traffic travels through nearly a million miles of underwater communication cables.

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